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Charts Interpretation for the week starting November 5, 2018
The below ranking is part of, what we Chartered Market Technician® call, the top down approach.
Each sector's performance is the average of many stocks' performance. Each sector is charted, on a weekly basis, in absolute terms, as well as in relative terms versus the HSCI, to keep the opportunity cost in check. Once the top sectors for the week are found, a drill down into the top performing stocks is done.
Conglomerates and Energy are rolling over.
Financials bounced from a strong support at the 61.8% Fibonacci retracement of the 2016 to 2018 advance.
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